Registered Representative Salary

Registered Representatives in the United States pull down an average of $41K annually. Most report receiving medical coverage from their employers and the larger part collect dental insurance. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 55 percent. The majority of Registered Representatives claim high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$31,876 - $69,317
(Median)
$32K
$41K
$69K
MEDIAN: $40,722
10%
50%
90%

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$12.16 - $22.22
(Median)
$12
$18
$22
MEDIAN: $18.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Salary
$31,876 - $69,317  
   
Bonus
$962 - $10,056  
Profit Sharing
$1,350 - $5,600  
Commission
$-0.50 - $295,898  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,068 - $69,144  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 106
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50$100$150
Hourly Rate
$12.16 - $22.22  
   
Overtime
$21.73 - $32.02  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Bonus
$962 - $10,056  
   
Commission
$-0.50 - $295,898  
Profit Sharing
$1,350 - $5,600  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,068 - $69,144  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 21

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Job Description for Registered Representative

Managing investments and securities exchanges is a complicated and byzantine process. There are many rules that must be followed closely and the entire process is overseen by huge government bureaucracies, and this is why most people hire brokers to do their business for them. "Registered representative" is a very literal job title: commonly known as "stockbrokers," they are licensed by the United States Securities and Exchange Commission, as well as self-regulatory agencies such as the New York Stock Exchange, to represent their clients in the purchase, sale, and management of securities.

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Pay by Experience Level for Registered Representative

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience seems to be a major factor in determining the incomes of Registered Representatives. Salaries for inexperienced workers average out to $50K, and those with five to 10 years' experience earn a higher median of $41K. On average, Registered Representatives make $56K following one to two decades on the job. Old hands who claim more than two decades on the job enjoy average earnings of $72K.

United States (change)

Experience Affects Registered Representative Salaries

Late-Career
up arrow 62%

Experienced
up arrow 26%

Mid-Career
up arrow 13%

National Average
$44,000

Entry-Level
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 20 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
4%
1-4 years
56%
5-9 years
20%
10-19 years
13%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 81% dental benefits Dental: 69%
vision benefits Vision: 56% employee benefits None: 16%